Can I buy silver VAT free and as a company asset?

[SpontaneousOrder]

The only way to avoid VAT on it I guess is to have it stored in Guernsey or Jersey, and I suppose if you went and collected it from there. At least with gold, if you buy gold sovereigns (at a slight premium over the spot price, c. 4 - 5%), these are presently exempt from the CGT, so if gold (for whatever reason, e.g. re-monetisation, divergence between paper & physical markets etc) did massively appreciate, you'd avoid any taxes on them, but this is not the case for silver coins. As others have stated, I wouldn't really see the benefit of putting them in a ltd company.




How do they manage that?

I got mine shipped from guernsey vat free. some got through, and some got intercepted at customs.

[MarillionFan]

I am assuming you have read articles like these...

VAT Free Silver | Tax Free Silver | Buy Tax Free Silver | Buy VAT Free SilverBullion Price

Do I have to pay VAT on my silver purchase? - The Real Asset Company

Surely if you are going to be speculating on stuff like this you might have done a modicum of research first?

I am hoping you have consulted with an IFA and your accountant first as well. Silver seems a tad volatile at the moment and you will be paying CT on the profits of it so doesn't look like a great idea to me at the moment.

Firstly what a rubbish first post from the OP.

But second, what a load of contrived, meme drivel from the poster replying which i so wanted to point out, only to discover that it I can only 'thank', 'like' or 'report' the post, where what I wanted to to do was 'dislike' the facile response provided.

Poor. Thumbs down.

[northernladuk]

Firstly what a rubbish first post from the OP.

But second, what a load of contrived, meme drivel from the poster replying which i so wanted to point out, only to discover that it I can only 'thank', 'like' or 'report' the post, where what I wanted to to do was 'dislike' the facile response provided.

Poor. Thumbs down.

Please elaborate.....

[andyc2000]

How do they manage that?

Not really sure - something about certain coins in Estonia recognised as currency. I have had a couple of batches from them with no issues. My first shipment was a very small amount from a company based in Jersey and that was intercepted for VAT at customs.